The Chartered Institute of Bankers of Nigeria (CIBN) on Sunday said the downward review of bank charges will affect banks’ net earnings and income. CIBN Chairman, Dr Uche Olowu, stated this in an interview with the News Agency of Nigeria (NAN). He noted that the review was designed to ameliorate people’s complaints about the charges. […]

The Central Bank of Nigeria (CBN) has pledged to increase the figures of bank customers enrolled on the Bank Verification Number (BVN) system from over 40 million to 100 million in the next five years. According to the CBN Update released recently, the apex bank said increase in BVN enrolment would address the constraint that […]

Nigeria’s portfolio transactions declined by N280 billion as foreign portfolio investors (FPIs) tended to be more on the sell side than the buy side. Latest official transactional report on FPIs obtained at the weekend indicated that total foreign transactions at the Nigerian stock market dropped to N879.40 billion over the past 11 months , 24.1 […]

A new report by the World Bank Group (WBG) has canvassed reforms in Nigeria’s digital economy, saying by leveraging Information Communication Technology (ICT), the country has the potential for economic diversification and job creation. The multilateral financial institution said digital financial services alone could be transformative and capable of creating over three million new jobs […]

Former President Goodluck Jonathan yesterday conducted sympathisers round the marine security post’s scene of the attack on his country home in Otuoke, Bayelsa State, with a call on security agents to ensure the arrest and prosecution of the gunmen who carried out the attack. The assailants had stormed Jonathan’s country home on December 24, at […]

President Muhammadu Buhari Friday in Abuja appealed to Nigerians not to give room for terrorists to divide the country along religious lines. The president’s appeal came on the heels of the recent execution of some Christians and Muslims by the Islamic State West Africa Province (ISWAP). In a statement, Senior Special Assitant to the President […]

THE Nigeria Employers’ Consultative Association (NECA) has commended the Central Bank of Nigeria (CBN) on the newly-released “Guide to Charges by Banks and other Financial Institutions”, which reviewed downward some electronic banking transaction charges. Its Director-General, Mr. Timothy Olawale, said: “The new guideline is indeed, a welcome development in some part, as it will make […]